Note: This Is a Kaplan CPA Review Question

question 59

Multiple Choice

Note: This is a Kaplan CPA Review Question
The following condensed balance sheet is presented for the partnership of Cooke, Dorry, and Evans who share profits and losses in the ratio of 4:3:3, respectively:
Assume that the partners decide to liquidate the partnership. If the other assets are sold for $600,000, how much of the available cash should be distributed to Cooke?

• A) $212,000
• B) $170,000
• C) $182,000
• D) $300,000

Explain the role of quality improvement in organizational success.

Identify the activities involved in studying organizational behavior.

Differentiate between formal and informal organizational structures and their impact on organizational behavior.

Understand that organizational culture can be modified and involves visible aspects like language, stories, rites, rituals, and sagas.

---

Definitions:

Halo Effect

A cognitive bias in which an observer's overall impression of a person, company, brand, or product influences their feelings and thoughts about that entity's character or properties.

Primacy

The principle that the first items presented in a series are more likely to be remembered than those that follow.

Recency

The principle that the most recently presented items or experiences are likely to be remembered best.

Prototype

In person perception, an abstraction that represents the “typical” or quintessential instance of a class or group.